HomeMy WebLinkAboutRes 25-085 Setting The Final 2026 Tax Levy And General Operating Budget For The City Of Saint Anthony VillageCITY OF SAINT ANTHONY VILLAGE
RESOLUTION 25-085
A RESOLUTION SETTING THE FINAL 2026 TAX LEVY AND GENERAL
OPERATING BUDGET FOR THE CITY OF SAINT ANTHONY VILLAGE
WHEREAS, Minnesota State Law requires that the City of Saint Anthony Village provide
Hennepin and Ramsey Counties with a final 2026 certified property tax levy and
operating budget; and
WHEREAS, the City Council discussed key financial issues and budgeting goals at the January
2025, goal setting session; and June 24th work session reviewing existing
infrastructure improvement schedule and 2026 Debt Levy; and a July 22nd and
August 12th work sessions for the initial 2026 Budget and Property Tax Levy
estimates, public meetings were held August 26th and public hearing on
September 9th for public input on the 2026 budget and property tax levy, the
2026-2042 Capital Improvement Budgets were reviewed at the October 14th work
session and approved at the October 28th Council meeting; and
WHEREAS, the scheduled debt levy for Series 2015A (9411) in the amount of 186,028.99 is
cancelled and will be levied at a reduced amount of 171,028.99 and there are
sufficient funds on hand to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2016A (9413) in the amount of 104,965.36 is
cancelled and will be levied at a reduced amount of 84,965.36 and there are
sufficient funds on hand to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2017A (9415A) in the amount of 70,297.50 is
cancelled and will be levied at a reduced amount of 0.00 and there are sufficient
funds on hand to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2020A (9419A) in the amount of 232,747.36 is
cancelled and will be levied at a reduced amount of 212,747.36 and there are
sufficient funds on hand to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2021A (9420A) in the amount of 151,481.31 is
cancelled and will be levied at a reduced amount of $106,480.92 and there are
sufficient funds on hand to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2022A (9421) in the amount of 193,061.30 is
cancelled and will be levied at a reduced amount of 13,061.30 and there are
sufficient funds on hand to cover the debt service payment; and
WHEREAS, the City Council held the required Truth in Taxation meeting on Tuesday,
December 09, 2025, 7:00 P.M. in its Council Chambers, to discuss the 2026
budget and property tax levy with the residents of Saint Anthony Village; and
WHEREAS, the information required for the City Council to determine a final 2026 property
tax levy has been collected.
NOW THEREFORE BE IT RESOLVED that the City Council of City of Saint Anthony
Village, Minnesota approves the following:
1) The final 2026 Property Tax Levy is:
General Operating Levy $ 7,158,845
Capital Improvement Project Levy $ 308,200
Debt Service Levy $ 1,840,953
Housing and Redevelopment Authority Levy $ 209,414
Building Improvement Levy $ 130,500
Infrastructure Levy $ 721,228
Park Improvement Levy $ 40.000
$10,409,140
2) The final 2026 General Fund Operating Budget totals $9,715,196
Approved this 9th day of December, 2025.
ATTEST:
Nicole DeDeyn, Cit Jerk
Review for Administration:
Wendy Web er, Mayor
Charlie Yunker, City Manager